Having an External Locus of Control Is Associated with Motivation

question 136

True/False

Having an external locus of control is associated with motivation and commitment to change behaviour.

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Definitions:

Reserves

Reserves are funds or materials set aside or saved for future use or to cover unexpected emergencies, often used in financial, resource, or energy sectors.

Equilibrium Exchange Rate

The exchange rate at which the demand for a currency is exactly equal to its supply in the foreign exchange market.

Purchasing Power Parity Theory

An economic theory that compares different countries' currencies through a "basket of goods" approach to determine relative currency values.

Exchange Rates

The value of one currency expressed in terms of another currency, used in international trade and investment.